Stock Market in an Upbeat Start
Stock Market in an Upbeat Start
September 1, 2010
Unfortunalty, August was a hard and cruel time for the stocks. Majorindices saw significant
that ranged from losing 4% by Dow Jones to the 5 plus percent that Nasdaq lost.
Despite this, however, today the stocks opened up in an upbeat fashion.
To start the month, Wall Street rose as countries including Australia, China, and the United States
all saw increase. A large part of this is due to the unexpected rise to 56.3 in the manufacturing index-
according to the Institute for Supply Management.
Moreover, a rise was seen by big name companies including Burger King who saw a rise after a
rumored buyout talks. The fast-food chain is considering a sale. Ironically, this gave Buger King
the biggest boost it has had in the last four years.
In other news, Apple is planning a music event to be held at 10am Pacific time. Here, Apple will
announce their latest products. What this will do to their numbers is yet to be seen.